The following Merchandise Inventory T account is available for a company that uses a perpetual inventory system:

In Year 1, the cost of goods purchased was $9,500 and the cost of goods available for sale was $12,000. In Year 2, the cost of goods purchased was $11,000 and the cost of goods available for sale was $15,000. Use this information to determine missing items [1] through [5]. Note: You may not be able to solve these in numerical order

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Merchandise Inventory Balance, beg. of Year 1 Purchases Freight 2] Purchase returns 500 Purchase discounts 1,000 100 8,000 Cost of goods sold Balance, end of Year 1 (beg. of Year 2) Purchases Freight 13] 10,720 Purchase returns 200 600 Purchase discounts Cost of goods sold Balance, end of Year 2 6,000